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Lagos Electricity Regulatory Commission Lists Growth Agenda

Chika Izuora by Chika Izuora
3 months ago
in Business
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The Lagos State Electricity Regulatory Commission (LASERC) has presented key development insights craving to improve energy efficiency and reduce electricity supply hiccups in the State to meet demand from the commercial sector.

The chief executive officer of the Commission, Temitope George, while listing its development agenda vowed to make the Commission the foremost electricity regulator in Nigeria.

He also reaffirmed its commitment “to be the leading electricity regulator facilitating sustainable electricity and enhancing the quality of life for all residents in Lagos State.”

George spoke at the close of the Commission’s maiden three-day capacity-building retreat, which convened members of the Commission, senior government officials, regulatory experts, and industry stakeholders to deliberate on key issues shaping electricity regulation and market development in the state.

With the theme “Strengthening Regulatory Framework and Institutional Capacity for a Sustainable Electricity Market in Lagos State,” the forum served as a platform for knowledge exchange, policy alignment, and institutional learning aimed at sharpening regulatory effectiveness and electricity governance in Lagos.

The chairman of the House Committee on Energy and Mineral Resources, Sabur Oluwa, who addressed the commission during the retreat, assured “the commitment of the Lagos State House of Assembly to support policies and legislative frameworks that will promote sustainable power development and improved electricity service delivery for residents of the state.”

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Also, the attorney general and commissioner for Justice, Lawal Pedro (SAN), highlighted “the role of legal and institutional frameworks in ensuring effective regulation and alignment with the broader developmental priorities of Lagos State.”

Delivering a presentation on the strategic implementation plan and electricity policy overview, the commissioner for Energy and Mineral Resources, Biodun Ogunleye, said “A well-structured regulatory framework is essential for attracting investment, improving infrastructure, and ensuring reliable electricity supply across the state.”

The permanent secretary of the ministry, Abdulhafiz Toriola, stressed that “effective collaboration within the public service is critical for the successful implementation of policies that will strengthen the electricity sector and enhance service delivery.”

The general manager of the Lagos State Consumer Protection Agency, Afolabi Solebo, shared insights on strengthening consumer protection mechanisms and improving complaint resolution within the electricity market, while the director general of the Lagos State Public Procurement Agency, Fatai Onafowote, highlighted the role of procurement processes in ensuring transparency and efficiency in public sector projects.

Representatives from various states’ electricity regulatory commissions across Nigeria also participated in experience-sharing sessions, offering perspectives on regulatory frameworks, operational practices, and lessons from sub-national electricity regulation.

The retreat is part of LASERC’s broader efforts to strengthen institutional capacity, promote transparency, safeguard consumers, and support reliable and sustainable power supply across Lagos State.

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Chika Izuora

Chika Izuora

Chika Izuora is a journalist with Leadership Media Group with over two decades of mainstream journalism experience. A Mass Communication graduate and alumnus of Pan Atlantic University (PAU), he has built outstanding expertise in the oil and gas industry alongside a versatile career as a journalist and author.

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